Game Digital disappointed the market earlier this month - with its shares more than halving - after weak Christmas trading news.
But the retailer is in demand again following better than expected quarterly results from US computer games publisher Electronic Arts, the business behind FIFA 2015 et al and Madden NFL. The US group reported good growth in digital revenue (not so good from Game) but also higher sales of games for older consoles such as PlayStation 3, which had been deeply discounted after new models appeared.
The EA results have helped Game shares jump 23.8p or 9% to 288p. Before the profit warning they had climbed to around 350p before falling back to 153p. But their recent recovery means they are now back above their 200p flotation price.
Still among the mid-caps, Saga is up 14.2p at 181.2p after buying motor bike insurer Bennetts for £26.26m.
Crest Nicholson has climbed 20.2p to 399.9p, continuing to benefit from Tuesday’s trading update.
